posted Sep 5, 2011 1:28 AM by reit ph
Citing concerns about the "current public ownership structure," SM Prime CFO Jeffrey Lim said that it is abandoning its plans to raise up to $500 million through a REIT offer, and will instead focus its efforts on other projects given that there's plenty of liquidity for capital raising. All these were announced after the release and implementation of the new tax rules on REITs. read more | |
posted May 23, 2011 12:35 AM by reit ph
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updated May 23, 2011 12:40 AM
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While waiting for the final rules on REITs, Robinsons Land is planning to expand its budget hotel business in the country by building at least ten company-owned budget hotels and 20 others under franchise using at least half of the $317 million they raised from last month's stock rights offer. read more | |
posted May 13, 2011 1:54 AM by reit ph
After releasing their first quarter results, Ayala Land Inc. CFO Jaime Ysmael says the company could raise between $300 million and $400 million from its planned REIT, which could be launched once the government has approved the necessary vehicles. read more | |
posted May 4, 2011 7:49 AM by reit ph
As the Visayas experiences an upswing in economic revenue, Ayala-led Cebu Holdings Inc. (CHI) plans to expand the company using additional capital from investors who will participate in the future creation and sale of a REIT. read more | |
posted Apr 21, 2011 12:15 AM by reit ph
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updated Apr 21, 2011 12:20 AM
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Later this year, SM Prime is set to open three new malls in the Philippines, and one in China. Future China projects, according to CFO Jeffrey Lim, are to be made public through an IPO or through a REIT offering in Hong Kong or Singapore. read more | |
posted Apr 16, 2011 2:32 AM by reit ph
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updated Apr 16, 2011 2:39 AM
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Ayala Land President Antonino Aquino, in an interview, said that the company is willing to accept the higher REIT float, and is open to selling more than the percentage required by law. read more
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posted Mar 23, 2011 2:34 AM by reit ph
The Metro Gaisano group, under its holding company, Vicsal Development Corp., is set to debut in the stock market, with REIT a possible primary venture. read more | |
posted Feb 6, 2011 7:52 AM by reit ph
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updated Feb 24, 2011 6:16 AM
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OLCP Holdings Inc. under the Ortigas group is increasing its capital to Php2 billion to prepare for an initial public offering. The company previously indicated that it will issue an IPO or REIT listing by this year. read more
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posted Feb 6, 2011 7:50 AM by reit ph
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updated Feb 24, 2011 6:11 AM
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Analysts say that the increase in Robinsons Land's capital to Php8.2 billion could be in preparation for a REIT offering. read more | |
posted Feb 6, 2011 7:48 AM by reit ph
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updated Feb 24, 2011 6:08 AM
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Ortigas & Co. CEO Rex Drilon relays that the company hopes to issue its IPO or REIT offering by the first half of 2011. read more | |
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